Mat-Su Cabaret Hotel Restaurant And Retailers Association is located in Palmer, AK. The organization was established in 2017. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mat-Su Cabaret Hotel Restaurant And Retailers Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Mat-Su Cabaret Hotel Restaurant And Retailers Association generated $92.7k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 19.0% each year . All expenses for the organization totaled $86.5k during the year ending 12/2023. While expenses have increased by 23.7% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
MAT-SU CABARET, HOTEL, RESTAURANT AND RETAILERS ASSOCIATION (CHARR) IS DEVOTED TO THE IMPROVEMENT OF BUSINESS CONDITIONS IN THE HOSPITALITY INDUSTRY WITHIN THE MATANUSKA-SUSITNA BOROUGH AREA. OUR MEMBERSHIP CONSISTS OF RESTAURANTS, HOTELS, PACKAGE STORES, AND BARS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT TO ALASKA CHARR THROUGH SPONSORSHIPS TO THEIR ANNUAL MEETINGS AND CONVENTIONS WHICH ARE RELEVANT TO OUR ORGANIZATION AND SPONSORSHIPS AND DONATIONS TO ALASKA CHARR'S EDUCATION FUND FOR THEIR PRO-START PROGRAM AND GOLF TOURNAMENT.
SUPPORT TO LOCAL FOOD BANKS: PALMER FOOD BANK, SUSITNA FOOD PANTRY, MAT-SU FOOD BANK AND CHRISTMAS FRIENDSHIP DINNER.
SUPPORT TO OTHER LOCAL AREA EVENTS, FUNDRAISERS, AND MEMBERS. MAT-SU ARCTIC WINTER GAMES AND ANNUAL MEMBER CELEBRATION.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Markie Shiflea Executive Dir. | Officer | 30 | $33,000 |
Jim Turner President | OfficerTrustee | 1 | $0 |
Corey Hughes Secretary | OfficerTrustee | 1 | $0 |
Samuel Smith Treasurer | OfficerTrustee | 1 | $0 |
Kristin Cook Director | Trustee | 1 | $0 |
Amber Glasser Vice President | OfficerTrustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $3,254 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $3,254 |
Total Program Service Revenue | $0 |
Investment income | $0 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $89,462 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $92,716 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $48,200 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $33,000 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $1,289 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $1,970 |
Advertising and promotion | $352 |
Office expenses | $120 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $991 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $1,663 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $1,455 |
All other expenses | -$1,970 |
Total functional expenses | $86,464 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $198,264 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $198,264 |
Accounts payable and accrued expenses | $0 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $0 |
Net assets without donor restrictions | $198,264 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $198,264 |
Over the last fiscal year, Mat-Su Cabaret Hotel Restaurant And Retailers Association has awarded $28,500 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
ALASKA CHARR PURPOSE: SUPPORT ALASKA CHARR | $16,000 |
ALASKA CHARR FUTURE HOSPITALI PURPOSE: SUPPORT FUTURE HOSPITALITY LEADERS | $12,500 |